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Owens Corning’s insulation sales drop in 2016
Written by Global Insulation staff
09 February 2017
US: Owens Corning’s net sales of insulation have fallen by 6% year-on-year to US$1.75bn in 2016 from US$1.85bn in the same period in 2015. Earnings before interest and taxation (EBIT) fell by 21% to US$126m from US$160m. The company previously said that it expected negative revenue growth in 2016 due to a contractual dispute with a large residential customer that began early in the second quarter of 2016. In the second half of 2016 it reported stable pricing and market recovery with its residential fibreglass insulation business. Overall, Owens Corning’s sales and EBIT rose across all business lines.
Owens Corning insulation product gains certification from asthma and allergy body
Written by Global Insulation staff
07 February 2017
US: Owens Corning has received asthma and allergy friendly certification for its Pure Safety insulation product. It says it is the first such product to earn the certification from the Asthma and Allergy Foundation of America (AAFA). The product has less dust than comparable products and is mould and mildew resistant.
"We saw an opportunity to address the needs of over 70 million people with asthma and allergies. Caring about indoor air quality is just one way Owens Corning is committed to leveraging our building science expertise and insulation systems to create better, more sustainable and more comfortable homes," said Julian Francis, president of insulation, Owens Corning.
The Asthma and Allergy Friendly Certification Program was created in 2016. It is administered by the AAFA and Allergy Standards Limited. The program independently tests and identifies consumer products that are more suitable for those living with asthma and allergies using the Synthetic Home Insulation Products Standard, which addresses a product's effect on indoor air quality and capacity to resist mould growth.
Steico sales rise by 10.6% to Euro209m in 2016
Written by Global Insulation staff
07 February 2017
Germany: Steico, a manufacturer of thermal insulation made from wood, has reported that its sales rose by 10.6% year-on-year to Euro209m in 2016 from Euro189m in 2015. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 34.4% to Euro33.2m from Euro24.7m. The company said that ‘very pleasing growth’ was noted for its wood-fibre insulation materials in 2016 but it didn’t specific any volumes. It did mention ‘continued price pressure’ in the period as well as increased exports.
Jean-Claude Carlin appointed chief executive officer of Knauf Insulation
Written by Global Insulation staff
07 February 2017
Germany: Jean-Claude Carlin has been appointed as the chief executive officer (CEO) of Knauf Insulation with effect from 1 February 2017. Carlin is a member of the Knauf Group leadership team having led the Knauf Industries business as Group CEO since 2009. He succeeds Thies Knauf.
Carlin joined Knauf Industries in 2008 after almost 20 years working for Timken, a manufacturer of bearings and mechanical power transmission products. At Timken he held various operations and management positions in Europe, India and the US. Carlin is a French national and has degrees in Mechanical Engineering and Economics. He will be based in Knauf Insulation’s new global headquarters in Visé, Belgium.
Knauf Insulation has also established an Executive Committee that will define and implement the group’s strategy and manage of its operations worldwide. Carlin will be joined on the Executive Committee by David Ducarme, appointed as Group Chief Operating Officer (COO) and Deputy CEO, and Jens Nilsson, Group Chief Financial Officer (CFO).
Sika completes acquisition of Rmax Operating
Written by Global Insulation staff
06 February 2017
US: Sika has completed the acquisition of Rmax Operating, a US-based producer of polyiso insulation products, on 31 January 2017. The deal was originally announced in mid-December 2016. Sika has said that the purchase is intended to bolster its presence in North America, particularly in roofing, sealants and waterproofing markets.